CAPITAL GOODS RECIEPT AND VAT CREDIT

[Former Member]

Hi All,

How do we do a goods receipt for capital goods, for instance I'm receiving a capital goods for which I pay VAT but I'm not including it in the VAT returns and raw material account shouldn't get affected since its a capital goods.

Also here we are using warehouse level accounting.

SAP 2005 B Pl24 SP00

Regards,

Aditya

[Former Member]

Hi

You need to create a Capital Goods Warehouse and in accounting tab set capital account as invemtory account. Or you can set capital account in all accounts field.

Create Capital good item master, map the warehouse, set GL setting by warehouse.

Then create tax code VAT on capital goods and set 100% value in Non Deductable % field.

Use normal purchase process with capital goods warehouse.

regards

Kamlesh